3911. Capital State Bank (Boise, ID)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
January 21, 1908
Location
Boise, Idaho (43.614, -116.203)

Metadata

Model
gpt-5-mini
Short Digest
587dd915

Response Measures

Capital injected, Full suspension, Books examined

Other: Directors temporarily suspended payments; receiver appointed; later reorganized with shareholder sacrifices and depositor extension agreements.

Description

Bank closed (temporary suspension) Jan 21, 1908 after prolonged heavy withdrawals tied to circulating reports about its stability; receiver appointed Jan 22. Bank reorganized and reopened under court plan late May/June 1908. OCR variants of name ('Capitol' vs 'Capital') present in sources; used provided name.

Events (4)
1. January 21, 1908 Run
Cause
Rumor Or Misinformation
Cause Details
Reports and rumors reflecting on the stability of the institution circulated for two months and precipitated heavy withdrawals (averaging about $9,000/day).
Measures
Appealed to clearing house for assistance; bank asked for $250,000 to tide over until assets realized; directors decided on temporary suspension.
Newspaper Excerpt
failed to open its doors this morning... temporary suspension having been decided upon by the directors, owing to recent heavy withdrawals of deposits.
Source
newspapers
2. January 21, 1908 Suspension
Cause
Rumor Or Misinformation
Cause Details
Temporary suspension declared because heavy withdrawals driven by circulating reports of trouble made it impossible to meet demands; inability to realize ready money on securities also cited.
Newspaper Excerpt
The Capital State Bank... failed to open its doors for business this morning. The directors ... decided that a temporary suspension was necessary owing to recent heavy withdrawals of deposits.
Source
newspapers
3. January 22, 1908 Receivership
Newspaper Excerpt
Walter S. Bruce was today appointed by the court as receiver of the Capital State bank. Mr. Bruce expressed a confidence that the depositors will be paid in full.
Source
newspapers
4. May 28, 1908 Reopening
Newspaper Excerpt
Under reorganization plans accepted by the courts, the Capital State Bank, which suspended last January, was reopened today.
Source
newspapers

Newspaper Articles (24)
1. January 21, 1908 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, January 21, 1908

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BANK CLOSES; SOLVENT. Temporary Suspension of Large Institution at Boise, Idaho. Boise, Idaho. Jan. 21.-The Capitol State Bank, of Idaho, (limited), failed to open its doors this morning, a temporary suspension having been decided upon by the directors, owing to recent The heavy withdrawals of deposits. capital is $200,000, reserve, $100,000, and deposits December 31, $1,077,000. W. S. Bruce, expert accountant, who has been engaged in making a careful investigation of the affairs of the bank, said today that the bank is solvent, and its assets are sufficient to pay the depositors every dollar due them.

2. January 21, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 21, 1908

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Fails to Open for Business Because of Recent Heavy Withdrawals of Deposits. SUSPENSION IS TEMPORARY. Expert Who Made Investigation Advised it-Said That Depositors Will be Paid in Full. Boise, Ida., Jan. 21-The Capital State Bank of Idaho, limited, of this city, failed to open its doors for busines this morning. The directors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawais of deposits. W. S. Bruce, an expert accountant who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent, and that the assets are sufficient to pay the depositors every dollar that is due them." The Capital State bank has capital stock of $200,000, a reserve of $100.000, and deposits at the time of the last statement, Dec. 23, of $1,076.722.65. Before the financial troubles began, the deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are: George O. Ellis, president; J. C. Ponce, vice president; and H. E. Neal, cashier. Mr. Neal left Boise last week for Portland. owing to illnes. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution, the savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. A petition for a receiver for the bank will be filed today. Withdrawals from the bank for the past 48 days have averaged $9,000 a day. Along with other banks in the city the Capital State resumed cash payment Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250.000, which amount was needed to tide It over until its assets could be realized upon.

3. January 21, 1908 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, January 21, 1908

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BANK TALKED TO DEATH Capitol State at Boise Forced to Suspend by Evil Reports. Boise, Idaho, Jan. 21.-The Capitol State bank of Idaho, limited, of this city, failed to open its doors for business this morning, temporary suspension having been determined upon by the directors, owing to recent heavy withdrawals of deposits. W. S. Bruce, an expert accountant, who has been engaged in making a careful investigation into the affairs of the bank, said today that the bank is solvent and that the assets are sufficient to pay the depositors every dollar that is due them. The Capitol State bank has a capital stock of $200,000; reserve of $100,000 and deposits at the time of the last statement, December 23, of $1,076,722. For the last two months reports have been in circulation reflecting on the stability of the bank and this fact had much to do with bringing on the suspension. George D. Ellis is president and H. E. Neal, cashier. Mr. Neal left Boise last week for Portland, owing to illness. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution, a savings bank was conducted.

4. January 22, 1908 Lewiston Evening Teller Lewiston, ID
Article from Lewiston Evening Teller, January 22, 1908

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BRUCE APPOINTED RECEIVER Says Depositors Will Be Paid in Full-No Branches Close BOISE, Ida., Jan. 22.-Walter S. Bruce was today appointed by the court as receiver of the Capital State bank. Mr. Bruce expressed a confidence that the depositors will be paid in full. None of the Capital State's

5. January 22, 1908 The Seattle Star Seattle, WA
Article from The Seattle Star, January 22, 1908

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BANK RECEIVER TAKES CHARGE (By United Preso.) BOISE, idaho, Jan. 22.-Walter 8. Bruce, who was appointed receiver of the Capital State bank, which suspended yesterday, took charge today. It is still maintained by the directors and the receiver that the depositors will be paid in full, but much uneasineas is mantfested. as many usly stories are afloat.

6. January 22, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, January 22, 1908

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CAPITAL STATE BANK. None of its Branches Have Closed as Result of Failure. Boise, Ida., Jan. 22.-Walter S. Bruce, appointed by the court as veceiver of the Capital State bank, which suspended yesterday, has taken charge of that institution and after further examination again expressed confidence that depositors would be paid in full. None of the Capital State's branch banks in small towns of southern Idaho have closed as a result of the failure here.

7. January 22, 1908 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 22, 1908

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AID WAS REFUSED. Bank Had Been Examined by Clearing House Expert. Boise, Ida., Jan. 21.-The Capital State bank of Idaho, limited, of this city failed to open its doors for business this morning. The direcors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawals of deposits. W. S. Bruce, an expert accountant, who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent and that the assets are sufficient to pay the depositors every dollar that is due them." Capital and Deposits. The Capital State bank has capital stock of $200,000, reserve of $100,000 and deposits at time of last statement, Dec. 23, of $1,076,722.65. Before the financial troubles begun these deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are George D. Ellis, president; J. C. Jones, vice president, and H. E. Neal, cashier. Neal left Boise last week for Portland, owing to illness. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution a savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. Petition for Receiver. A petition for a receiver for the bank was filed today. Withdrawals from the bank for the past forty-eight days have averaged $9,000 a day. Along with other banks in the city, the Capital State resumed cash payments Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250,000, which amount was needed to tide it over until its assets could be realized upon.

8. January 23, 1908 Mountain Home Maverick Mountain Home, ID
Article from Mountain Home Maverick, January 23, 1908

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Owing to a steady Grain upon its cash resources for months past, and being unable to realize upon a heavy line of loans made prior to the financial depression of last fall, the Capital State bank of Boise suspended payment Tuesday morning. In explanation of its action the directors, after an all night session in which the condition of the Dank as to its solvency was ascertained, posted the following notice upon its doors: "The directors of the Capital State Bank have made a careful examination of its condition and find it solvent. "The difficulty in obtaining ready cash makes it necessary temporarily to suspend payments. "It is believed that in the course of a short time the bank will be able to resume, but that in any event the depositors will be paid in full." On the application of Orlando F. Bacon and other stockholders and depositors in a complaint filed in the district court Tuesday, Judge Wood appointed Walter S. Bruce to the receivership of the institution, and he itamediately assumed control, furnishing a surety bond. It is stated that Mr. Bruce was the choice of he majority of the directors of the bank and that the appointment is satisfactory to the othe b ks of the city. It became kno WILL that Mr. Bruce had been for several days going over the affairs of the bank and he is therefore well fitted to take up the work of receiver. The receiver states it as his opinion that the bank is perfect-

9. January 24, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, January 24, 1908

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FAILURE OF CAPITAL STATE BANK. The failure of the Capital State Bank is to be sincerely regretted by every one. Any failure is to be regretted, but this one particularly so, as it carried a large number of depositors-between three and four thousand-many of them small ones, who had all they possessed in the bank. It had a capital stock of $200,000 and a surplus of $100,000. According to its last statement, December 23, 1907, it had deposits amounting to something over one million dollars and its loans and discounts amounted to about the same amount. Walter S. Bruce, who made a cursory examination of the bank's condition just before its failure and who has been appointed receiver, announces that it is his belief that the bank will be able to pay depositors in full. The reason given for the bank's failure was its inability to realize ready money on its securities to meet the demands made upon it. It had been rumored for some time that the bank was having trouble in calling in its loans, which frightened many of the depositors, who began to quietly withdraw their account. It has been stated that for the past twenty days that the withdrawals had exceeded an average of about $9000 a day. The drain became too great and the directors concluded that it was best to close the doors temporarily in order to protect the interests of the depositors. There is talk of reorganizing the bank, which is to be devoutly hoped, as its officers and directors are among the substantial and progressive citizens of the Capital City. The failure of the bank has had only a slight depressing effect on business. None of the other banks have been affected, although it has had a tendency to tighten up the money market. This, however, it is believed, will be relieved in a few days, when business will resume normal conditions.

10. January 24, 1908 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, January 24, 1908

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BOISE BANKS NOT AFFECTED CAPITAL BANK FAILURE WILL NOT HURT OTHERS Bank Will be Reorganized and it Is Thought Will Pay in Full Within 60 or 90 Days-Other Institutions in City Not Affected. That the failure of the Capital state bank at Boise did not affect other banks in the least, is shown by the following from the Boise Capital News: There is nothing new in the bank situation today, says the News. State Bank Examiner W. S. Chaney arrived this morning and today is making an examination of the books of the Capital State bank. No statement has been prepared and nothing authentic is given out. The impression continues to grow that the bank will be reorganized and will continue in business, all depositors being paid in full. It is even stated that this can be accomplished within 60 to 90 days. Other banks of the city still feel the effects of the suspension of business very slightly. There is no indication of any disposition to make any run on any of the other banks, all of which, however, are strengthening themselves by shipping in large amounts of cash from outside points. All of them are paying cash for all demands and will continue to do so unless the people lose their heads more than they have shown any indication of doing up to this time. Many absurd rumors have been set afloat, but it is needless to say that there is nothing in any of them. It was even rumored at Nampa yesterday that all the banks of Boise had- failed and considerable excitement prevailed there—more even than here where actual conditions were understood. It is stated, however, that H. E. Neal, before leaving for Portland, turned over to the bank property to the value of $200,000, held by him here and in Oregon, to secure the bank against loss from loans for which he had become surety or in which he was more or less personally responsible in a moral sense. This, together with the capital stock and real estate holdings of the bank alone guarantee more than 50 per cent of the deposits, not counting loans equal in amount to the deposits themselves.

11. January 25, 1908 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, January 25, 1908

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PITTSBURG BANK IS CLOSED STATE INSTITUTION SHUTS ITS DOORS TEMPORARILY. Receiver Says Indications Are That Depositors Will Be Paid Their Cash In Full. Pittsburg, Pa., Jan. 23.-The Traders' and Mechanics' bank, a state institution with a capital of $100,000, closed its doors Wednesday. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says, the depositors will be paid in full. William Kemmler, Jr., is president of the Traders' and Mechanics' bank. The suspension, it is said, has been expected in financial circles for some time. Only a few persons congregated around the bank, and there was no excitement. The condition of the bank, published December 19, showed that the deposits, checks and special, time certificates of deposit and certified checks, amounted to $431,577.37, while the money due from the banks and bankers amounted to $39,656.42. Chicago, Jan. 23.-A. C. Tisdelle, private banker at 94 La Salle street, has made an assignment of his bank and all its property and assets to Charles A. Root, his cashier, and the doors of the bank were closed to depositors and others Wednesday. Every move in the assignment, which involved liabilities of $73,957.47, was surrounded with mystery, and the details were said to be unusual. The assets are given as valued at $95,786.29. It was learned that the affairs of the Commonwealth Trust and Savings bank, the union labor four per cent. bank, which were about to be finally wound up, figured in Tisdelle's misfortune. Boise, Idaho, Jan. 23.-Walter S. Bruce was Wednesday appointed re ceiver of the Capital State bank, which suspended.

12. January 29, 1908 Willmar Tribune Willmar, MN
Article from Willmar Tribune, January 29, 1908

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The body of a man who died at the Kensington hotel, in Newark, N. J., where he had been living under the name of "J. J. Cary," was identified as that of former Justice Thomas W. Fitzgerald, of the court of special sessions in Brooklyn, who was removed from the bench and disbarred from the practice of law by the appellate division. The Capital State bank of Idaho at Boise suspended temporarily. As a result of their appeal, R. C. Lemon, R. O. Beard and J. A. Miller, ice dealers of Toledo, O., were sent to jail for a year instead of to the workhouse. A mob of unemployed men collided with the police of Berlin and were dispersed by saber charges. A negro who was hanged by a mob at Dothan, Ala., was cut down by the sheriff while yet alive and may recover. On an indictment dated ten years ago, charging assault and robbery, William J. O'Keefe, alias Joseph Talbot, was arrested in St. Louis by a detective who recognized a pigeontoed manner of walking peculiar to O'Keefe. Ten persons were killed and many injured in a collision between an express train from Rome and a train coming from Bergamo near Milan, Italy. Reese Thomas of Cambria, Minn., was burned to death while starting a fire with kerosene. The Red Star liner Finland, from New York to Antwerp, ran down and sank the Greek steamer Epirus in a dense fog off Terneuzen. All on board the Epirus were saved. A dynamite bomb was thrown against the house of Thomas Nicholas, captain of the Mohawk iron mine, near Aurora, Minn., the house being wrecked and a baby badly hurt. The headless and nude body of a woman was found floating in the lake at Chicago. It is believed she was murdered. Rufus Draper, one of the long-time residents of Minneapolis, died in that city. As a reward for saving the life of Mrs. C. C. Thompson and daughter of Chicago 19 years ago, W. E. Gearhart of Madrid, Ia., was the beneficiary of the will of Mr. Thompson, who died recently, to the extent of $10.000. W. L. Mackenzie King reported to the Canadian parliament that the great influx of Japanese laborers was due to the desire for them expressed by certain Canadian corporations. Small banks in St. Paul, Minn.; Ellinwood, Kan.; Chouteau, Okla., and Norwalk, O., were compelled to close their doors. James Big Heart, ex-chief of the Osage Indians, who it was claimed was the richest Indian in the United States, is dead of paralysis at his home near Big Heart, in the Osage nation. Fred Hamlin of East Bloomfield, N. J., said he was the husband of Catherine Devine ("Little Egypt") and claimed her $200,000 estate. Ed. Horderwisch, formerly a wellknown professional bicycle rider and later an automobilist and business man, was killed at Dayton, O., by a train while driving his automobile across the tracks. Lord Curzon of Kedleston was elected a representative peer of Ireland. Count Laszlo Szechenyi, who is to marry Gladys Vanderbilt, was accused of caning a photographer. The will of Mrs. Mary P. Cameron, widow of the late Senator Angus Cameron of Wisconsin, will be contested by a nephew and niece. Judge Smith McPherson in the United States district court at Kansas City declared void and unconstitution al the statute passed by the Missouri legislature in 1907 forbidding foreign corporations from transferring suits brought against them from the state to the federal courts upon pain of forfeiture of their charters. Greer college and the high school at Hoopeston, III., were closed because of an epidemic of diphtheria. Frank J. Constantine, who is serving a life sentence at the Illinois penitentiary at Joliet for the murder of Mrs. Louise H. Gentry, attempted suicide by jumping from the gallery to the floor below, fracturing his skull. The building of the Colonial club in Buffalo, N. Y., was partly burned and one fireman lost his life. The Brazilian police said they discovered and foiled an anarchist plot to destroy part of the American battleship fleet at Rio. Navy officials in Washington were surprised and skeptical. The wholesale grocery house of the McNeil & Higgins company in Chicago was destroyed by fire, the loss being $600,000. The Masonic Temple in Baltimore was gutted by fire, the loss being about $250,000. The last of the Indiana National guard left Muncie, the strike trouble being ended. Woman suffragists in London were arrested and sent to jail for three weeks. Daniel C. Stover, millionaire manufacturer of stoves, windmills and farm machinery, died at Freeport,

13. January 31, 1908 The Washburn Leader Washburn, ND
Article from The Washburn Leader, January 31, 1908

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FINANCIAL AND INDUSTRIAL The reduction of working hours of Union Pacific shopmen is to be followed with a reduction of working days from six to five a week. The Omaha + World-Herald quotes Vice President Mohler as charging the reduction to "President Roosevelt's mania for 'reform'' and indicating that his company would work with a reduced force so long as the president's activity against corporations continues. Comptroller of the Currency Ridgely has ordered the National Bank of North America of New York city closed for liquidation and appointed Charles Hanna, national bank examiner, as receiver. The bank had deposits of over $19,000,000 on Aug. 22 last, but heavy withdrawals reduced this sum to about $6,000,000 on Dec. 3, the date of the last report. The Traders and Mechanics' bank of Pittsburg, a state institution, has been closed by the state bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, also closed, but voluntarily, it is said. Because of a falling off in street car travel, due to business depression, the Philadelphia Rapid Transit company has withdrawn 100 cars from service and within the next few days will take off twenty-five to forty more. Figures prepared for one of the large railroad companies show that there are 320,000 idle freight cars in the United States and about 8,000 locomotives laid up because of the falling off in traffic. Dispatches to Dun's Trade Review indicate that trade increases gradually, but progress is still slow. The financial improvement is still the best feature of the situation. The State Bank of St. Paul and the Citizens' Saving bank of St. Paul have closed their doors. It is believed depositors will be paid in full. The Capitol State Bank of Idaho at Boise has suspended. The bank had deposits of $1,076,722.

14. January 31, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, January 31, 1908

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CAPITAL STATE BANK'S AFFAIRS. GLOBE PAINT & WALL PAPE 714 IDAHO STREET, BOISE IND. PHONE 551 Those engaged in straightening out the affairs of the Capital State bank continue to remain reticent as to the condition of the do Painting and Paper-Hanging. Estimates Furn W institution. Cashier Neal is reported by his physician as gaining in ished Free. Jobbers and Distributors of strength and the hope is entertained that he will soon be able to assist the receiver in preparing a statement of the actual condition THE SHERWIN-WILLIAMS PAINTS AND VAR of the bank to the depositors in a short time. Many rumors are afloat but when traced down their origin can not be discovered and Estate of John Page, Deceased, SUMMONS. all such should be liberally discounted. Those who ought to have Notice is hereby given by the underIn the District Court of the Third signed executrix of the estate of JOHN knowledge of the affairs of the bank still maintain that depositors WALNUT COLD STORAGE PAGE, deceased, to the creditors of, Judicial District of the State of Idaho, in and for the County of Ada. and all persons having claims against, will be paid in full. 623 Main Street the said deceased to exhibit them, with Philip J. Caron, plaintiff, vs. Samuel It is gratifying to know that the other Boise banks are strengthMcKown and Harry McKown, defendthe necessary vouchers, within ten Be Independent Phone, 210. months after the first publication of this ants, ening themselves and are now in a better condition than ever before. The State of Idaho sends greeting to notice, to the said executrix at her ofThere is no indication of further withdrawals for hoarding purposes, the above named defendants. fice, to-wit: Richards & Haga Law Offices, Room 22, First Natl. Bank, You are hereby required to appear in but on the contrary many of the withdrawals which were made Ch an action brought against you by the Boise, Idaho. IALA PAGE. above named plaintiff in the District during the few "panicky days" are finding their way back to the bank Executrix. Court of the Third Judicial District, Mut vaults. State of Idaho, in and for the County of ALIAS SUMMONS. Ada, and to answer the complaint filed There is no use denying that the failure has had a depressing Pou therein (a copy of which is hereto atIn the Justice's Court of Union Preeffect on business coming as it did before matters had assumed nortached) within twenty days (exclusive cent, County of Ada, State of Idaho. Meal of the day of service) after the service Before J. H. Wood, Justice of the mal conditions after the fall panic. However business is gradually on you of this summons, if served within Peace. Sausa this district; or if served out of this improving and it is believed that as soon as the people receive asPocatello Mercantile Co., Ltd., Plaindistrict, within forty days. The said actiff, vs. T. T. Thurman, Defendant. surances that the bank will pay in full it will be up to former protion is brought to quiet plaintiff's title The State of Idaho, to T. T. Thurman, to Lots 3 and 4, of Block 10, in City Defendant: portions. Real estate men are especially looking forward to greater Park Subdivision, Ada County, Idaho, You are hereby summoned to appear activity in real estate in the early spring. They believe that the peothat defendants set forth the nature of before me, at my office in Star, in the Pure ple will look to real estate for investments rather than deposit their their claims to said property, and that County of Ada, on the 28th day of FebLard, 10 all adverse claims of defendants be demoney in the banks. Already they claim that there are many inquirruary, 1908, at 10 o'clock a. m., in an 5 poun termined by the court, that the defendaction brought against you by said plainies for city and interurban property which will move as soon as the ants be decreed to have no right or estiff to answer the complaint of the above pounds money market settles and the people have time to consider matters. tate in and to said premises, and that named plaintiff. Said action is brought plaintiff's title be declared good and valto recover from you the sum of seventyReal estate dealers are pretty shrewd forecasters and when they anid; that defendants be forever barred three dollars and twenty-five cents ticipate a return of good times it is pretty sure to follow. and enjoined from asserting any claim ($73.25) for goods, wares and merchanDr.

15. April 3, 1908 Lewiston Evening Teller Lewiston, ID
Article from Lewiston Evening Teller, April 3, 1908

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IDAHO FINANCES IN FINE SHAPE STATE TREASURER C. A. HASTINGS GIVES GLOWING AC. COUNT OF SOLID FINANCIAL CONDITIONS THAT PREVAIL. The financial condition of the state is fine, according to a statement made today by State Treasurer C. A. Hastings, who is a business visitor in the city. When asked for a statement as to how the state's money is handled, Mr. Hastings said: "We are doing business with 85 banks throughout the state, and have on deposit $850 000 at the present moment drawing interest. The interest for the quarter ending March 31, 1908, was $6,200. The interest we have earned from the use of the state money in 15 months has been $24,400, and the interest for the two years of my encumbency will probably reach $40,000. When the recent financial flurry came on I had $47,000 in cash in the safe, and I sent the money all over the state, keeping only enough on hand to pay the labor bills and the traveling expenses of the various state officers, all other bills I paid in checks. "Money is comparatively easy in Boise now, although the bankers say collections are slow and not very much money is being loaned. The prospects of the Capital State bank opening very soon are remarkably fifine, and there is not a person who will lose one dollar, and with the exception of the Capital bank not a single bank in the state of Idaho has suspended or had any financial trouble. "Ninety-seven percent of the taxes due the state are paid and the financial condition of Idaho as a state was never better. The corporation tax, that is, a tax on all corporations, brought us in last year $46,000. "Regarding the Capitol building, the steel is let for the fourth story and roof and the stone to the top of the third story. The state owns its quarries, which are sufficiently large to build a dozen capitois, so only the best of the stone is used in this building. "We will have on July 1 is apportion to the school funds of the various counties, from $120,000 to $150,000, which sum is derived from the rental of school lands and from loans made by school funds The land department, under its effi cient register, M. I. Church, is doing excellent work, and the records are in fine shape, and if any one is in terested in the stay lands they can write to the state land department and get a copy of its angual report just issued.

16. April 21, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, April 21, 1908

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The Directors and Stockholders of the Capital State Bank have done all in their power for the early re-opening of the bank. They have assumed all risks and made a substantial sacrifice of 20 per cent of their holdings in order to secure the funds that will be necessary to make the re-opening of the bank successful beyond doubt. They ask that depositors co-operate with them to the extent of guaranteeing the bank against a run for this is all that is meant by the agreement to take payment in installments. The depositors run no risks in accepting the certificates of indebtedness which guarantee the payment of these accounts in installments covering a period of 18 months, with interest. It is the best offer that could possibly be made and cuts off sixmonths of the time granted the Portland banks that have been opened after closing on account of the panic of last Fall. The Portland banks required a period of 24 months and the Capital State guarantees a full discharge of all obligations within 18 months. The depositors are standing in their own light if they do not sign the agreement and sign it at once, as every day of delay adds unnecessary expense and if the bank is thrown back to liquidation by the receiver the expense will cut into the splendid resources of the institution in a manner that will be felt. so

17. April 24, 1908 The Boise Citizen Boise, ID
Article from The Boise Citizen, April 24, 1908

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All that is needed now to open the Capital State Bank on a solid foundation is for you Mr. Depositor, to sign the extension agreement. The directors and stockholders have done their part and have stood all the loss and liability, and the money is ready to fulfill every obligation if the depositors will agree to take payments in installments. There can be no other method of opening the bank, as it would be liable to a run unless these agreements are signed. The whole plan has to receive the endorsement of Judge Wood in court and will be thouroughly investigated by him and there can be no possibility of any loss to the depositors by reason of signing the extension asked for. Less than ten per cent of the depositors remain to sign up; the others are already in line. Do not be the one to delay the coming of the day when this great financial institution can again open its doors upon a sound basis.

18. May 12, 1908 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, May 12, 1908

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BOISE BANK TO OPEN. June 1 Fixed by Court as Date of Resumption of Business. The Boise Capital News says of the reopening of the Capital State Bank of Boise, which closed during the financial flurry of the past winter: At the public hearing ordered this morning by Judge Wood on the application of the directors for the discharge of the receiver of the Capital State bank, there was not a protest made upon the part of any one. On the contrary, a communication was filed from the Clearing House associ-

19. May 28, 1908 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, May 28, 1908

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REOPEN BOISE BANK. (Special to The Sentinel.) Boise, May 28. -Under reorganization plans accepted by the courts. the Capital State Bank. which suspended last January, was reopened today. The institution has more than a million in deposits.

20. October 31, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, October 31, 1908

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# MR. CHANEY MAKES DENIAL. Special Correspondence. Boise, Ida., Oct. 29.-W. S. Chaney, bank examiner, has issued a formal statement addressed to Hon. M. Alexander, Democratic candidate for governor of Idaho, stating that his attention has been called to the charges made by Mr. Alexander to the effect that the Capitol State Bank of Boise had been examined by Mr. Chaney 60 days before Its suspension. Mr Chaney makes emphatic denial of this and states that he never examined the bank at any time before its suspension. He states that he took office on June 1, 1907, and found that the Capitol State bank was the last bank examined by his predecessor, Mr. Loveland.

21. January 8, 1909 The State Herald Holyoke, CO
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-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. -Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000. and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency. accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co. Macomb City, Miss. placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, falled: liabilities. $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw. Ind., closed by state auditor. 23-Citizens' bank. Dover, Ky., closed doors. Jul. 14-National Deposit bank. Philadelphia, Pa., closed by comptroller of currency. 7-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard OIL $29,240,000 fine deelsion unanimously reversed by United States court of appeals at Chieago. Aug. 6-First National bank. Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms. failed: lia© bilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced Into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. -Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of Amerlea. New York 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa.. suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed: excitement caused by effort of W. O. Oldham, cashier of State Savings bank. to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich. State Savings bank closed by bank examiner. 16-Somersworth N. H., First National bank closed following discovery of shortage of $85,000. 23-Thomas F Ryan announced retirement from finance 26-Henry W. Poor. New York broker. assigned for creditors

22. January 8, 1909 The Farmington Times Farmington, MO
Article from The Farmington Times, January 8, 1909

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Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg. Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank. both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors. following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial: sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, falled for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland. O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed: liabilities, $1,800,000. Jun. 3-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed doors. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declstep unanimously reversed by United States court of appeals at Chiengo. Aug. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency: bank was insolvent: President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years: Curtis given liberty on suspended sentence. 23-Eldred bank of Eldred, Pa., suspended: capital stock, $100,000. Dec. 7-National exchange bank at Springfield. Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor. New York broker, assigned for creditors.

23. March 12, 1909 The Idaho Republican Blackfoot, ID
Article from The Idaho Republican, March 12, 1909

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HORACE NEAL ACQUITTED. Horace Neal, the cashier of the Capitol State Bank, which failed at Boise over a year ago, has been under trial for forgery the past few weeks and was acquitted of the charge. It was shown that he had forged notes to the amount of about $80,000 during a term of years, and had taken up expired notes with payments or with newly forged notes, thus carrying the business of the bank along from year to year until the panic came and he was unable to continue it longer. He did not profit personally by his forgeries, but evidently expected to tide the bank over. He was addicted to the use of morphine, became a liar of the first magnitude, and because the directors of the bank were guilty of mismanagement, and directed him to do certain things which were irregular, and because he was addicted to the use of the dope, and because of the further reason that he was defended by Jas. H. Hawley, he has been acquitted. The bank has been reorganized, and it is expected that it will eventually pay its obligations. Neal will be prosecuted on other charges. Another Case of Forgery. A woman in Oregon was sentenced last week to serve a sentence in the penitentiary for forging a check for $56. Evidently she made it for just the amount she had to have to get through her trouble and make ends meet, and the sentence was made indeterminate-lasting from one year to fourteen years, within the option of the prison authorities and the pardon board. This seems an injustice and no doubt is, but because such things happen, we have no business to condemn the government or the courts. We should amend the laws so that the person who steals large sums or small, should be dealt with in a way to prevent repetitions of the crimes.

24. September 2, 1909 The Nezperce Herald Nezperce, ID
Article from The Nezperce Herald, September 2, 1909

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INTERESTING ce STATE NEWS E of What People are Doing in Other Parts of Idaho : Amesie A. Croney, a 16-year-old boy of Basalt, had his right arm ald most torn off by the accidental discharge of a shotgun. d George D. Stafford, a farmer near Caldwell, recently threshed a field of twelve acres of wheat, which averaged 71 bushels to the acre. g In order to call an election for the adoption of what is known as "The Good Roads Bill," it is necessary to have petition with at least ten names from each road district. The depositors of the defunct Capital State bank of Boise will receive settlement of their claims in full on or before January 1g 1910, according to a statement made by the receiver. Milt Wilkinson, the merchant at Indian Valley, is the first victim of the Sunday rest law in that county, having been convicted of keeping his store open on Sunday and fined $25 and costs. Boise Odd Fellow: and lodge members of this state are planning to charter a special train to carry delegates and visitors to the session of the sovereign grand lodge in Seattle, September 20-25. Carrying twenty-five passengers, the steamship Seattle turned turtle when 300 feet from her dock at Coeur d'Alene. So far as known no lives were lost. Shifting cargo was the cause of the accident. Mrs. Mary Remington, 53 years f old the wife of D. D. Remington of Meridian, was instantly killed by an th Interurban train at Tuwila,12 miles e south of Seattle, She was struck as of she was crossing the track in front d of the train. The cheering news has been received iu Wendell that the Idaho Southern railroad will be extended at in once from Jerome to Milner, and a probably through to Okley. The K road is completed from Gooding to th Jerome at present. a ed Hon. Edgar Wilson, of Boise, cb was operated on in Portland nearly I a month ago, is not improving as his wil physicians woldu like. Mr. Wilson m represented Idaho twice in congress, le first as a Republican and again as a silver Republican. plan Reports from Wallace are that the Snowstorm Mining company, operating in that district, has found a plan to drive its tunnel through the 80foot vein of soft rock, talc and mud fro which has given the miners so much no trouble in tunnel No. 4. cu